Tag: Business Economics

Economic Knowledge

Pricing Strategy Monopolistic and Oligopoly

I write a summary of market structure and how it affects the pricing and output strategy on the monopolistic and oligopoly market based on Keat, P., and Phillip Young. 2008. Managerial Economics, 6th edition. Pearson (KY) e-book. Monopolistic competition and oligopoly are considered “imperfect” competition because the company in these markets have the power to […]

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